3. Financial information 2022/23
Final Accounts 2022/23
Accounts and Audit Regulations 2015 Notice
Delay in publication of Statement of Accounts
Notice That The Public Inspection Period Has Not Been Commenced
Under section 26 of the Local Audit and Accountability Act 2014, any persons interested have a right at the audit of the accounts each year to inspect the accounting records for the financial year to which the audit relates and all books, deeds, contracts, bills, vouchers, receipts and other documents relating to those records.
Regulations 14 and 15 of the Accounts and Audit Regulations 2015 (as amended) require that this right (and associated rights) are exercisable over a single period of 30 working days, commencing no later than 1 June 2023.
The Council has been unable to commence the public inspection period by this statutory target date due to delays in auditing previous accounts and delays in the availability of required information including reflecting the impact of the latest triannual Pension Fund Valuation and the required accounting entries.
Further notifications will be placed on the website once the 2022/23 Draft Statement of Accounts are available for public inspection, this will be as soon as reasonably practicable and the period for the exercise of public rights will commence once they have been completed.
Our spending plans 2022/23
East Devon spending plans for 2022/23 is detailed in the Council's approved Revenue and Capital Estimates 2022-2023
Treasury management is the management of the local authority’s investments and cash flows, its banking, money market and capital market transactions; the effective control of the risks associated with those activities; and the pursuit of optimum performance consistent with those risks.
The Treasury Management Strategy covers:
the capital plans (including prudential indicators);
a minimum revenue provision (MRP) policy (how residual capital expenditure is charged to revenue over time);
the treasury management strategy (how the investments and borrowings are to be organised) including treasury indicators; and
an investment strategy (the parameters on how investments are to be managed).
The Council also has an approved Capital Strategy which draws together various adopted strategies and agreed process of the Council that govern how the Council manages capital expenditure and investment decisions. The Capital Strategy brings these areas together in one overarching document.